Gibraltar

An Insight

Gibraltar is a British overseas territory located near the southernmost tip of the Iberian Peninsula overlooking the Strait of Gibraltar. The territory shares a border with Spain to the north. Gibraltar has historically been an important base for the British Armed Forces and the Royal Navy.

Temperatures in Gibraltar range from 16c in the winter to well above 30c in summer and the country boasts an average of 300 days sunshine a year. Shipping and tourism are the mainstays of Gibraltar's economy as more than 7 million people visit Gibraltar annually, many of them evidently stepping ashore from cruise liners.

There is currently a vast amount of local construction work on the residential, hotel and conferencing sector, most of which is to accommodate expatriates, some of whom have been attracted to live in Gibraltar for tax reasons.

However, most expatriates choose to live on the Costa Del Sol (see here) as far east as the town of Estepona and if they have jobs in Gibraltar, choose to commute on a daily basis.

Learn more about Taxation in Gibraltar

The Rock

The Rock of Gibraltar (sometimes called the Pillar of Hercules) is a monolithic limestone promontory.

Most of the Rock's upper area is covered by a nature reserve, which is home to around 250 Barbary Macaques (commonly known as apes), they are the only wild monkeys found in Europe. These macaques, as well as a labyrinthine network of tunnels, attract a large number of tourists each year.